The Perils of Prop Firm Payouts: Are We All Just Guinea Pigs?

asked by u/daniel.smith · 21d · 2 answers

Been trading with a new prop firm for a few months now, hit my profit target last week, and initiated a payout request. Lo and behold, the 'processing time' has now mysteriously doubled, and their support is citing 'unforeseen compliance checks' on my side. Funny, because my initial KYB was exhaustive. Anyone else feel like these firms are great until you actually try to extract money? It's like they want you to trade, but not profit.

My concern isn't just the delay, but the precedent. Is this a common tactic now, especially with the smaller players? It makes me question the liquidity depth they truly possess versus what's advertised. Always seems to be a new hurdle when it's time for them to pay up. Wondering if I should just stick to regulated brokers, even if the leverage isn't as appealing.

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Top answers

  • u/watchara_s· 14 pts· 21d

    That's really frustrating to hear. I'm just starting to look into prop firms myself, and I keep seeing these kinds of stories. It makes me wonder if the whole model is designed to make it hard to actually get your profits out.

  • u/beatrizsilva· 13 pts· 21d

    This seems to be a common complaint. It's almost as if the compliance checks are more rigorous once there's actual money involved. Did you check their updated terms, or is this a new development?

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